Does a withdrawal from a GBP-denominated cash account to a USD-denominated cash account (i.e., spot exchange) on the same entity trigger realized FX gain/loss?

Does a withdrawal from a GBP-denominated cash (asset) account that is exchanged for USD at spot and subsequently (i.e., upon exchange) deposited in a USD-denominated cash (asset) account, both accounts of which are on the same entity, trigger a realized FX gain or loss? If so, which rate (aside from the spot rate) should be applied to determine the FX gain or loss? Also, does it matter whether the original GBP deposit was conducted in GBP or USD? The entity's functional currency is USD.

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